MBA Class on Fair Lending; Redwood's New Jumbo Deal; Chase's Mortgage Earnings Sag

Posted To: Pipeline Press

There are folks out there that believe doing Sudoku puzzles will stave off senility and Alzheimer's. I don't do the puzzles, and don't believe the claim. I...uh... what was my point? Oh yes...there are some very bright folks out there who apparently determined the minimum number of numbers (17) required to give a unique answer to a puzzle. (And you wondered what math majors did after college). Speaking of bright folks, fair lending enforcement has taken a dramatic new turn. Things are heating up in the courts, with the traditional "price discrimination" and "red-lining" suits being replaced by the "disparate impact" theory: the idea that even if lenders don't actively discriminate, they can still be sued if the cumulative effect of their actions implies discrimination. The MBA is holding an...(read more)

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